
India and the UAE have signed 6 agreements to enhance cooperation in the energy and defence sectors during the visit of PM Narendra Modi to Abu Dhabi. Entities based in the UAE have committed an investment of $5 billion in India.
The UAE has also announced a plan to double the crude oil export capacity by 2027. This involves the construction of an additional pipeline to the Port of Fujairah to bypass the Strait of Hormuz.
